Management at Chipata Cotton Company has denied reports that the company is about to be sold.

Management at Chipata Cotton Company has dismissed reports that the company is about to be sold.
Managing Director, Ma told Breeze News this morning that the company has only changed the name from Chipata Cotton Company to China Africa Cotton Company.
Mr. Ma says that the company has decided to change its name because the previous name was not associated with the owners of the company.
He also indicated that the name had to be charged because of other businesspersons that have bought shares into the company.
Mr. Ma was responding to reports that the company was about to be sold to another cotton company operating in Eastern Province and that workers are not aware of this development.
But Mr. Ma has attributed this report, which he described as misleading, to the change in company name.
China Africa Cotton Company has employed more than three hundred workers.